Jefferies Group LLC boosted its position in WestRock Co (NYSE:WRK) by 261.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,663 shares of the basic materials company’s stock after acquiring an additional 22,913 shares during the period. Jefferies Group LLC’s holdings in WestRock were worth $2,001,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Assetmark Inc. lifted its position in shares of WestRock by 672.6% in the 4th quarter. Assetmark Inc. now owns 1,661 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 1,446 shares during the period. Invictus RG purchased a new stake in shares of WestRock in the 3rd quarter worth about $108,000. Tower Research Capital LLC TRC lifted its position in shares of WestRock by 1,225.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,107 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 1,948 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of WestRock in the 3rd quarter worth about $147,000. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of WestRock by 3,666.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,013 shares of the basic materials company’s stock worth $190,000 after purchasing an additional 2,933 shares during the period. 88.20% of the stock is owned by hedge funds and other institutional investors.
WestRock Co (NYSE:WRK) opened at $67.01 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.74 and a current ratio of 1.28. The stock has a market cap of $17,090.00 and a PE ratio of 25.38. WestRock Co has a 12-month low of $49.23 and a 12-month high of $71.55.
The company also recently announced a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Friday, February 16th were issued a $0.43 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.72 annualized dividend and a yield of 2.57%. WestRock’s dividend payout ratio (DPR) is presently 65.15%.
A number of brokerages recently issued reports on WRK. Zacks Investment Research raised shares of WestRock from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research report on Saturday, February 3rd. Stephens set a $72.00 price target on shares of WestRock and gave the company a “hold” rating in a research report on Wednesday, January 10th. ValuEngine raised shares of WestRock from a “hold” rating to a “buy” rating in a research report on Friday, February 9th. BMO Capital Markets lifted their price target on shares of WestRock to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, December 12th. Finally, Bank of America lifted their price target on shares of WestRock from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $74.25.
In other WestRock news, Director John A. Luke, Jr. sold 10,343 shares of WestRock stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $63.68, for a total value of $658,642.24. Following the completion of the transaction, the director now directly owns 497,557 shares of the company’s stock, valued at $31,684,429.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James B. Porter sold 14,930 shares of WestRock stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.00, for a total transaction of $1,045,100.00. Following the completion of the transaction, the insider now directly owns 50,093 shares of the company’s stock, valued at $3,506,510. The disclosure for this sale can be found here. Insiders sold 475,335 shares of company stock valued at $31,283,820 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.
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WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.
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